Is Alamo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alamo has remained a Seller's Market.
Housing Prices in Alamo, CA
How much do homes in Alamo, CA cost?
Median Sold Price
$2,600,000
$798/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alamo was $2,600,000 in March 2024, up 1.7% from last year, and the median price per square foot was $798.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $560K | - | N/A |
2 Bedrooms | $840K | $965K | +14.9% |
3 Bedrooms | $1.7M | $1.7M | +0.6% |
4 Bedrooms | $2.5M | $2.6M | +3.9% |
5+ Bedrooms | $3.4M | $3.1M | -9.5% |
Summary: Alamo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in Alamo, CA
How many homes are available in Alamo, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 45 | +32.4% |
Summary: The Alamo real estate market had 45 homes for sale in March 2024, a 32.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 17 | 18 | +5.9% |
5+ Bedrooms | 11 | 21 | +90.9% |
Summary: The Alamo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 90.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Alamo in March 2024, up by 83.3% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for Alamo, CA
How long does it take to sell a home in Alamo, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 25 Days | +41.1% |
Summary: Homes in Alamo had an average of 25 days on market in Mar 2024, up by 41.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Alamo; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.